Markets

The agreement between Trump and Chinese President Xi Jinping had made it further for China to approve the deal for Qualcomm to acquire NXP Semiconductors after Chinese regulators prevented the transaction earlier this year. 14,100 crores) fee to terminate the deal. Qualcomm has a large presence in China so they were not left with any real options except to cancel the deal. (more...)

The ambassador said he's pleased that a side letter to the treaty assures Canada that no similar tariffs can be applied to cars made in Canada and exported to the United States. The remarks came after he had formally signed a new version of NAFTA with leaders from Mexico and Canada. Trump had vowed to revamp NAFTA during his 2016 presidential election campaign. (more...)

Quora said, in a statement emailed to members, that they are now investigating exactly how the breach occurred. Account information, including names, email addresses, encrypted passwords and data imported from linked networks when authorized by users may have been compromised, it said. (more...)

Amazon is testing larger version of its automated Amazon Go brick-and-mortar stores, according to sources speaking to the Wall Street Journal , meaning you could potentially do your weekly grocery shopping without interacting with another human being. (more...)

Bush died at home in Houston on Friday at age 94. Mayor Sylvester Turner has urged attendees to wear colorful socks, a nod to the former president's fondness for sporting loud socks often emblazoned with unusual patterns during public events. (more...)

The move is meant to combat steep discounts now placed on Alberta oil. Executives of upstream oil companies such as Cenovus Energy and Canadian Natural Resources have urged Notley to intervene for weeks, saying they couldn't transfer the oil they were producing without sufficient pipeline space, leading to hundreds of thousands of barrels clogging up warehouses and being sold at a discount to the USA benchmark Western Texas Intermediate. (more...)

The question now is what occurs in the next 90 days. China will be opening up, China will be getting rid of tariffs. Beijing will no doubt attempt to make good on its pledge to increase purchases of USA goods, turning probably to soybeans and potentially energy. (more...)

IG Market Analyst, Kyle Rodday says the news post-OPEC meeting could be significant. Both main contracts have plunged by about a third since hitting four-year highs at the start of October, hit by a number of factors including easing demand, high production, softer-than-expected USA sanctions on Iran and a global growth slowdown. (more...)

He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and overseas". Qatar has spend the last year-and-a-half battling attempts by Saudi Arabia and the United Arab Emirates (both of them are members of the Opec) to isolate it in the Middle East . (more...)

These stale allegations are meritless and we reject them emphatically. "This case is unsupportable". In his downtime, Mr Lynch is said to enjoy caring for rare breeds which include red poll cattle which he keeps at his Suffolk home. Earlier this year, the Financial Reporting Council began disciplinary proceedings against former bosses at Autonomy and auditors at Deloitte linked to the alleged fraud at the software firm. (more...)

Powell's statement that interest rates are "just below" the neutral range came as a surprise which immediately fueled speculation of the Fed taking a pause in interest rate hikes next year. A footnote pointed out the Fed's staff assessed financial stability vulnerabilities as moderate as well. Mr Trump has criticised Mr Powell repeatedly this year, saying that the base rate is unnecessarily high and risks curtailing an economic boom in the US. (more...)

Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Indiana, Sept. 21, 2018. "It will have an incredibly positive impact on farming, meaning agriculture, industrial products, computers, every type of product". (more...)

In his NY speech Wednesday, Powell did not dispute the widely held belief that the Fed will raise interest rates again in December , saying, "There is no preset policy" about tightening. While interest rates were gradually moving to a neutral point, "we're a long way from neutral at this point, probably". His remarks Wednesday appeared to suggest to this audience that he might stop sooner or move more slowly. (more...)

No NFL team had been more money on fourth down this season, 11 of 12 entering their Thursday night game against Dallas at AT&T Stadium in Arlington, Texas. The Cowboys scored first on Brett Maher's 26-yard field goal, but they could have had more after driving to a first-and-goal at the Saints' 6 following a 40-yard completion from Prescott to Michael Gallup on the left sideline. (more...)

President Trump said recently that current tariff levels on $200bn (£157bn) of Chinese imports would rise as planned . "Out with [US President Donald] Trump and imperialist leaders", protesters chanted while marching through a central boulevard towards Congress. (more...)

In a series of tweets, Trump said that plans to introduce auto tariffs are now being studied. A 25-per-cent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on US poultry. (more...)

While praising the "historic" nature of the deal, Trudeau also told Trump that the progress gave "all the more reason why we need to keep working to remove the tariffs on steel and aluminium between our countries". Trump, who arrived in Buenos Aires late Thursday, barreled into the two-day meeting by announcing via Twitter that he was canceling a planned meeting with Russian President Vladimir Putin over Russia's seizure of Ukrainian vessels. (more...)

Investors interpreted as Powell either changing his position on interest rates or attempting to correct the incorrect interpretation of his earlier remarks . "If you look down the road, you see challenges ahead, and they're challenges that are typical in a cycle", said Powell speaking earlier this month at the Federal Reserve Bank of Dallas. (more...)

The Fed has raised its benchmark short-term rate, now in a range of two per cent to 2.25 per cent, three times this year and is expected to do so again next month. That comment had unsettled investors who feared that it meant the Fed would need a number of further hikes to get to neutral. Trump tapped Powell previous year to be Fed chairman after he decided against giving Janet Yellen a second term. (more...)

Most people agreed that Russian Federation can't immediately reduce production and if it joins the cuts, it will cut output gradually, like it did the previous time, the source told Reuters. The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government would collaborate with Saudi Arabia to revamp Nigeria's refineries. (more...)